Hub International Ltd. has acquired yet another benefits brokerage: Quebec-based Les Avantages Sociaux Delta Inc. Based in the Montreal area, Delta provides support and actuarial services for group insurance and retirement plans, as well as human resources and disability management. With the acquisition, Delta will join Hub’s Quebec business. Delta’s founder and chairman, Roger d’Eschambault, […]
Conduent Inc. is selling its consulting business formerly known as Buck Consultants. This week, the company announced a deal with a private equity investment firm, H.I.G. Capital, to sell its Canada- and Britain-based human resources consulting and outsourcing businesses. The deal also includes Conduent’s U.S.-based human resources consulting and actuarial business. The business, formerly known […]
France-based insurance company April has acquired Benecaid Health Benefits Solutions Inc. The acquisition will allow the Lyon, France-based company to expand and diversify the Canadian side of its business beyond property and casualty insurance, according to a press release. April has been active in the Canadian property and casualty insurance market for more than 10 years, […]
A subsidiary of Great-West Lifeco Inc. has acquired a holding in an Irish company specializing in employee benefits consulting and private wealth management. On Friday, Great-West Lifeco announced the deal involving its subsidiary, Irish Life Group Ltd., and Invesco Ltd. (Ireland). With more than 125 employees, Invesco manages the pension plans of more than 275 […]
Hub International Ltd. has acquired Vancouver-based employee benefits and pension consulting firm ES3 Insurance Services Ltd. The company operates as ES3 Advisory and was founded by president Darrell Ert in 1999. “ES3 is perfectly set up for the next chapter with a partner that shares our values and has the scale to make a real […]
Hub International Ltd. has acquired Windsor, Ont.-based retirement and benefits firm the Benefits Company Inc. The deal follows a recent string of acquisitions by Hub International over the past few months, including Burnaby, B.C.-based Pointbreak Consulting Group Ltd.; Kitchener, Ont.-based GMS Insurance Inc.; and Dallas, Texas-based IPS Advisors LLP. “By joining Hub, brokerages have the opportunity to expand as […]
Fiera Capital Corp. is scooping up the business of CGOV Asset Management, an Ontario-based investment management firm that focuses on institutional investors. As of Dec. 31, 2017, CGOV reported about $5.3 billion in assets under management. Upon completion of the deal, Fiera Capital will become the seventh-largest independent high-net-worth manager in Canada, with total private wealth assets under management exceeding $6 billion. […]
The Ontario Teachers’ Pension Plan has sold a majority interest in Heartland Dental to global investment firm KKR & Co. The pension fund acquired a majority position in the U.S.-based dental support organization in 2012 and has seen a 126 per cent increase in supported practice revenues since that time, according to a news release. The Ontario […]
Global health service provider Cigna Corp. is acquiring Express Scripts Holding Co. in a deal valued at $67 billion. The stock and cash transaction includes Cigna’s assumption of about $15 billion in debt held by Express Scripts. Upon closing, Cigna shareholders will own about 64 per cent of the combined company and Express Scripts shareholders will own […]
Global insurance brokerage Hub International Ltd. has acquired the shares of GMS Insurance (SWO) Inc., a Kitchener, Ont.-based benefits consulting firm. Providing services to the southwestern Ontario and greater Toronto area, GMS Insurance works with a number of companies ranging from small startups to large national or international organizations. The company didn’t disclose the terms […]